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People's Bank Of China Is Running Without A Governor
Market Depth
The Hanghan Index Impacts the Yuan Intraday Price Action
An new program called the dual counter model allows 20-25 stocks to be traded in both yuan and hanghan dollars./nMega cap tech stocks like Alibaba are included in the dual counter model./nMainland Chinese investors can use yuan funds to trade hanghan stocks, eliminating volatility caused by the pegging of the hanghan dollar to the US dollar./nThe dual counter model aims to keep capital from leaving yuan and further internationalize the currency./nThe dual counter model started the week before the pboc began a yuan strengthening campaign./nThe correlation between the yuan and the hanghan stock market is due to the newly rolled out dual counter trading arrangement.
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